$959 Million Dogecoin OI in 24 Hours: Is There Hope for Recovery?

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Dog-themed cryptocurrency, Dogecoin has seen its open interest drop in a slow weekend trade. Advertisement According to Coinglass data, Dogecoin open interest fell 2.4% in the last 24 hours to $959 million even as the market saw a fresh selloff early Sunday. This follows as digital assets extended an earlier sell-off from the past week, owing to investors favoring stocks tied to the artificial intelligence boom. HOT Stories Novogratz Names Key Reason Behind Bitcoin (BTC) Price Crash Will Bitcoin (BTC) Return to $60,000? XRP's Risks of Losing $1, Shiba Inu's (SHIB) Bearish Pressure Is Weakening: Crypto Market Review You Might Also Like Thu, 06/25/2026 - 10:40 Dogecoin (DOGE) Adds 116% in 24 Hours Volume: What Do Investors Expect? By Arman Shirinyan Advertisement Most crypto assets, including Dogecoin, traded in the red at press time, with a total of $141 million in liquidations. At the time of writing, Dogecoin was down 2.20% in the last 24 hours to $0.073 and down 12% weekly. Crypto continues to be under pressure from spot ETF outflows and a hawkish Federal Reserve, despite equities reaching fresh highs. Is there hope for recovery? Dogecoin fell to a low of $0.071 on June 23, its lowest point since November 2023. The dog cryptocurrency is down nearly 27% in the month of June so far, rounding off a bearish quarter for the broader crypto market. This weekend marks the end of a weak first half, with just two days to go. You Might Also Like Mon, 06/22/2026 - 16:01 Dogecoin Holders Alerted: Millions of Coins Trapped Amid Imminent Shutdown of DOGE L2 By Tomiwabold Olajide Advertisement Traders will watch into the third quarter for a potential reversal or whether the weakness that has run through previous quarters carries into the third. Dogecoin has steadily declined since the year's start as the crypto market bear market lingers, only marking one green month in 2026 so far. The drop has pushed Dogecoin momentum indicators below oversold levels. The daily RSI has fallen below oversold levels of 30, now at 24. The market often rebounds when the RSI confirms oversold conditions; a reading below 30 by itself only indicates what has recently happened. In this regard, Dogecoin might have yet to confirm oversold conditions, but the chances of a potential relief rally exist given the current oversold reading. #Dogecoin #Dogecoin News